Executives behaving badly — how European companies were rocked by scandals in 2018 [MarketWatch]
WPP plc American Depositary Shares (WPP)
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Source: MarketWatch
Executives behaving badly — how European companies were rocked by scandals in 2018 Europe this year has suffered from a messy Brexit, sagging stock markets and trade conflicts with the U.S. Add to that list high-profile executives who were toppled by bad behavior and alleged financial improprieties. Sir Martin Sorrell, who founded and led London-based advertising giant WPP for three decades, stepped down amid allegations he used company funds to pay for prostitutes. And Carlos Ghosn, a serial turnaround artist at carmakers Renault and Nissan, is sitting in a Japanese jail for allegedly understating his income to authorities. “All these people are powerfully associated with the firms they lead,” said Cary Cooper, professor of organizational psychology at Alliance Manchester Business School in the U.K. That may help explain why some executives have balked at accepting responsibility. Still, times have changed, and the all-powerful chairman or CEO is no longer bulletproof. “The era of th
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News
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- Digital Ads Announces Expansion of Multi-Faceted Practices in Different Industries [Yahoo! Finance]Yahoo! Finance
- WPP First Quarter Trading Update [Yahoo! Finance]Yahoo! Finance
- WPP First Quarter Trading UpdateBusiness Wire
WPP
Sec Filings
- 4/25/24 - Form 6-K
- 4/5/24 - Form SC
- 4/2/24 - Form 6-K
- WPP's page on the SEC website